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Search Results 0 to 22 of about 23 (some duplicates have been removed)
Al Jazeera America
Jan 6, 2014 7:00pm EST
. of course their intention was to keep oil in the ground, whether we're talking about the bakken or the oil sands, but the industry's response has really gone back in time, when of course rail was the key way of moving oil. as you point out, rail is a much more expense if way of moving oil, and certainly a much more hazardous way, particularly when it comes to moving the very flammable volatile, light oil from the bakken, and i think de facto, we have gone from bad to worse in how we're moving oil. and that's really the achilles heel, is we don't really have the infrastructure to move it. >> what is the solution? should we be building more infrastructure? >> well, again, there doesn't seem to be an appetite for pipelines, and remember, to fulfill the production goals of either the people in the shale place or oil sands we're going to need four to five keystone excels. if you are going to see go from 2 to 5 million, and i just don't think there is the public appetite for four or five keystone xl's, but that is what we would be talking in terms of building the infrastructure needed to facilit
Jan 2, 2014 5:30pm PST
. the oil that burned in monday's derailment came testimony from the bakken region, encompassing parts of montana and north dakota, it's one of the most active oil fields in the u.s., producing almost a million barrels a day. but according to government officials, it's a type of oil that may be more flammable than traditional crude oil. much of the oil from the bakken region reaches its destination by rail. the wakeup call for the freight train industry came last summer when a train carrying oil derailed in a small town in quebec, canada. maurice, 47 people died as the oil burned. >> dubois: jeff pegues in washington. a new report out today calls into question one of the main goals of the health reform law. to get people to stop using the emergency room as their primary care doctor by making more of them eligible for medicaid. more than four million people who signed up for obamacare will be getting their health care through medicaid but will that keep them out of the emergency room? that's the question. here is sharyl attkisson. >> reporter: despite hopes that expanding medicaid would
Jan 6, 2014 8:00am PST
transportation officials issued a warning about the oil, it comes from the bakken shale reserve that stretches under north dakota and montana, saying it may be more flammable than other types of oil. the explosion in north dakota forced the evacuation of a small town. a previous train derailment involving bakken shale oil killed 47 people in quÉbec. the associated press reports a number of u.s. states have confirmed oil and gas chilling is polluting well water. the report examined quadra states that have received hundreds of complaints. in pennsylvania, authorities have confirmed more than 100 cases of drilling contaminating private wells since 2005. the state received nearly 400 complaints about contamination last year alone from the down from 500 in 2012. u.s. agricultural regulators have proposed lifting restrictions on genetically modified corn and soybean seeds that are resistant to the weedkiller 2.4-d. made by dowe is chemical and has been linked to a range of health risks including cancer and parkinson's disease. it was one ingredient in the toxic vietnam war herbicide agent orange. t
Jan 2, 2014 1:00pm EST
out continental resources getting hit hard today, one of the biggest producers of bakken crude oil. the government issued a safety alert to notify the public that their oil may be more flammable than traditional crude oil. this after the recent rail derailments in north dakota, alabama and in canada and quebec involving bakken crude oil. we'll have more coming up in "street signs." still, that's going to be interesting. let's see what's coming up else on "street signs." >> hey there, dom. we're switching our planes, trains and automobiles for tankers, trains and steel. what is old is suddenly new gene. we're going to talk about how to invest in those sectors. >>> we always talk about the cool gadgets that everybody must have. we're going to bring you the worst of the tech world. >>> and 2014 crystal ball gazing from brian and yours truly. all those things and lots more coming up. ty, back to you. happy new year. >> happy new year to you, >>> ford a big stock to watch at this hour. the automaker set to unveil a new solar-powered car. phil lebeau is in chicago with the details. hi, p
Jan 24, 2014 4:30am PST
.s.-canada border in july and explodes. 47 people die in an inferno fueled by what's called bakken shale, a highly flammable fracked oil that the train was carrying. the national transportation safety board officials investigating the accident just released a report saying to keep accidents like this one from happening again, something has to change or else major loss of life, property damage and environmental consequences can occur. [ protesting ] >> reporter: people from pittsburg to benicia are fighting to keep companies from bringing in tens of thousands of barrels of crude per day including the very oil that fueled the explosion in canada. >> these trains are like bombs on railroad tracks. >> reporter: railroad officials know the dangers and in november the president of the association of american railroads suggested the industry build stronger tankers to cut down on accidents. >> we are recommending that all new tank cars designed to move flammable liquids be built to even higher standards. >> reporter: today, the ntsb agreed and suggested that trains also develop new routes to avoid popula
Jan 3, 2014 9:00am EST
cold out there. >> we've got a real setback to oil and gas because of the ba bakken. natural gas should be rise flpgflp. there's too much methane, there's too many "ane." there's too much poly and too much ethol. >> we keep hearing that manufacturing is coming back. >> no more gmos and cheerios. >> yesterday i was speaking to you if i was monsanto, i'd be petrified. cheerio cheerio cheerios, the great ceo of general mills but we're going to put sugar and -- this would be remarkable. the food chain cannot bear the takeout of gmo. >> we keep showing you pictures of the weather and why not. it's a very big storm in 2014 making for a very tough commute. the subways are running. how about the commuter rail lanes? >> the rail lines are running. the long island railroad is running on a weekend schedule and metro north road is running on a saturday schedule, which equates to approximately 60% of normal weekday service at this point. >> what are your expectations in terms of your ability to deliver passengers through let's call it today and tomorrow? are things going to improve or given the cold
Jan 2, 2014 3:00pm EST
'll begin with continental resources, producers of crude oil. bakken oil may be more flammable than traditional crude oil. fedex and u.p.s. losing ground. both stocks were up big in 2013. herbalife moving higher citing increased sales in china. gold prices started on a positive note. let's finish off with a big down side mover at least in terms of its impact on the market apple. falling after wells fargo downgrades the stock to market perform from outperform rating citing margin pressures when apple introduces another new version of its iproducts. >>> let's talk about it. if analysts are downgrading apple should you still buy it or what do you do? ross gerber is our bull. he owns 8 million shares of the stock. joining us on the phone is andy hargreaves. you caught in on an iphone by chance? >> no. samsung galaxy. >> i tried. ross, why to you like apple at this point? >> there's not a lot not to like. they have the best products out there between the new china mobile deal which finally got announced. i was waiting for that. it's huge. china is really the best driver
Jan 2, 2014 6:00pm PST
of sweet, light crude from north dakota, from the bakken shale. north dakota over the last decade or so has become a state that's increasingly dependent on one industry. there's essentially an oil gold rush happening in north dakota right now. before the boom in 2008, the state was shipping about 18,000 barrels of oil a day by rail. by 2012, it wasn't 18,000 barrels a day, it was 425,000 barrels a day. and that number rose by another third in 2013. watching the state of north dakota deal with its sudden and new and dramatically different reality has been a fascinating experiment in watching the adaptability of governance. but the way that north dakota has adapted has also, sometimes, been alarming. this was the front page of the bismarck tribune newspaper today. look at that right up there at the top. ross oil pit shut down. company ordered to stop using oil pit over town's drinking water. north dakota officials gave an oil company there the go-ahead to start dumping all their excess drilling material into a football field-sized waste pit on their drilling property. a waste pit that just ha
Jan 21, 2014 6:00pm EST
dakota, please, joe? >> caller: a big north dakota energy boo-yah to you. >> nothing like the bakken boo-yah. >> caller: need an opinion on chemical court. >> it is the only uranium play that's working. and like frooefs stothe previou didn't believe in the uranium story. i was wrong. the stock's going up without me. and that, ladies and gentlemen, is the conclusion of the "lightning round"! >> announcer: the "lightning round" is sponsored by td ameritrade. coming up, mighty metal? aluminum producer alcoa's on a tear, but is the story solid or could these gains soon melt away. cramer checks the technicals to find out. when he goes off the charts. what if a small companyoun] became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. [ male announcer ] here's a question for you: is your tv powered by coal? natural gas? nuclear? or renewables like solar... and wind?
Jan 29, 2014 6:00pm EST
.s., the permian basin, the bakken, eagle ford, we see billions and billions of more barrels of oil to be recovered from these plays over the next several years. and these will be plays. if you look at the united states, we're pushing almost 9 million barrels of oil production per day and when we add in natural gas liquids, that's over 11 million a day. that's more than saudi arabia's making. technology is in a renaissance period where it's going to add to recovery rates and production rates for decades to come. >> i have to say, when i listen to you, the people who are doubting me are doubting the science and the technology and the empirical vision your company has. not just -- you can't really fight the facts is what i'm saying. >> well, if you look at just from a scientific basis, we know that we are recovering more and more oil from these shale reservoirs. back a number of years ago, the average recovery factor was maybe 5% to 7%. now we've pushed that up to 9% to 12%, ultimately we think we can get it up in the mid to high teens, which for reservoirs will be very, very good, very, very encoura
FOX News
Jan 31, 2014 6:00am PST
of north dakota where the booming bakken oil shale fields are located said that companies are being forced to deliver their product by rail instead of by pipeline. eventually, they imagine that as much as 100,000 barrels a day could be delivered by pipeline. and thirdly, the administration continues to come under increasing pressure from environmentalist. earlier this week the head of the greenpeace movement said that the president is undermining his own climate change plan. he said, quote: adding insult to injury, the fossil fuel industry helps to boost export of its dirty energy abroad from the keystone xl pipeline to proposals to create huge coal and lng export facilities. even the president's visit just yesterday to that ge engine plant in wisconsin is raising eyebrows because the engines produced at that plant are oftentimes used to provide power at oil exploration fields. arthel: and, doug, as you know, some of the critics are saying, hey, listen, guys, if it ain't used here, that oil from canada is going to be used somewhere. >> reporter: that's exactly right. and the president has
FOX News
Jan 31, 2014 8:00am PST
in quebec. there's growing pressure to build a spur to the bakken oil field in north dakota where oil is presently shipped by train. senator john hoeven of north dakota says if that line was built, as much as 100,000 barrels a day could be shipped by train as opposed to the riskier route -- actually, by pipeline rather than the riskier route which is by train. back to you. jon: we have reported a lot on this program about the railway verls us pipeline decision that has to be made. doug mckelway, thanks for that. jenna: well, a close call after this car crashes right through a family's home, narrowly missing a baby in its crib. >> i was asleep and woke up to the sound of a vehicle coming through the bedroom wall, and too big. too small. too soft. too tasty. [ both laugh ] [ male announcer ] introducing progresso's new creamy alfredo soup. inspired by perfection. ♪ [ male announcer ] bob's heart attack didn't come with a warning. today his doctor has him on a bayer aspirin regimen to help reduce the risk of another one. if you've had a heart attack, be sure to talk to your doctor befo
Jan 3, 2014 7:00am PST
burning in the latest came from the bakken shale with the most active oil fields in the country. the type of oil being produced there may be more flammable than traditional air, raising concerns about how it is transport and if it is properly identified. the derailment was the fourth major next 2013 involving a freight train transporting crude oil. the incident that moved the industry to action apd happeneda small town in quebec after the train left the tracks and exploded. with 800,000 barrels of oil a daya the nation's rail ways, there few safe options. >> the real option is whether we will provide a new safer tank car for the existing rail tank cars and will we reroute the most dangerous trains around major cities. >> the fraid industry, the owners of the rail say that most deliveries are made without any issue. they mostly support what the government is trying to do here. they say that there issues they want to know exactly what is being transported so that local authorities can respond properly. >> jeff, thank you. president obama doesn't get a lot of time off, but when he does, ther
Jan 2, 2014 9:00am EST
wreck that happened in the bakken. if i was the president and i was so inclined to be against fossil fuels -- i don't want to happen because they create a lot of jobs but these accidents are going to be starting. >> your coverage of the informing complex has been nothing short of stupendous. >> a big part of my book. >> those who say natural gas, it's that first year, you deplete a lot that first year and uch get -- and we're not digging as many wells as we have been. prices are going to be moving up and we're going to be starting exporting. >> charif says we flair more natural gas than we use. that's is something the epa should be looking at. >> that's coming from the bakken and places we're doing the oil apparently. >> maybe jeff bezos goes up there. you go up there, and it used to be the lights from cities. no, it's the flairs that glare from near mars. >> cara switcher and walt mossmer are launching a new company, swisher and mossberg's holding company is revere digital. it is signing a separate content partnership with nbc news group to partner on technology coverage. the partne
Al Jazeera America
Jan 4, 2014 6:00am EST
volatile than traditional crude. crude bail from the bakken, the wells, produce a different mix of petroleum product. the amount of crude oil has risen by a factor of 40 in the last five years. the new concerns come after a series of derailments involving crude oil traipse, including a disaster in quebec killing 47 people. >> the quebec disaster and north dakota disaster are wake-up calls for the rail and oil industry. the oil business is booming, producing 900,000 barrels from some 10,000 wells. north dakota is the second-largest oil producing state. what makes the commodity more combust privilege. >> it produces liquids. they are liquid underground and are gashes under ground. >> some is shipped separately some may end up with a crude. the hope is that the safety alert will lead to new efforts to help people and lessen kat as troughies. >> john seigenthaler with that report. >> it's a race against time for law makers in germany. they want to ban a wave of designers drugs that invaded the drug scene. get this, it's all legal. nick spicer has more from berlin. >> for many wantin
Jan 2, 2014 6:00am EST
of this week's train explosion in north dakota. the train carrying crude oil from the state's bakken shale excollided after colliding with another train. authorities are considering the possibility that the fires were caused by additives or possible mislabeling of the products being carried. >> and the northeast bracing for a severe storm, we saw a little bit of snow on the way to work this morning. heavy snow expected to begin falling this afternoon with accumulations of a foot or more in some areas. forecasters saying the storm will be accompanied by extremely frigid temperatures. and we have a live report from the weather channel in just a couple minutes. >> i'm looking it up. mark holberg says it's the first five days, but he also says you shouldn't pay much attention to it. >> 85% of the time you have a massive up year, the next year is still up, but only up about 7%. and that was over a 50 some odd years that that math actually holds up. >> we didn't see -- not much of a january effect where people are buy being the stocks that they sold that they had losses on last year. you know ho
Jan 8, 2014 6:00am EST
this is something we should look to as a concern for the bakken, but i thought most of that was coming out by rail. >> it's coming out by rail, but we also have a significant amount that is being shipped down, the heavy bitumen in alber alberta, and that is very heavy. you have to keep it heated. when you have well below subzero-degree temperatures, you are going to impact production. you're also going to impact production via freeze-offs with a lot of snow, a lot of ice on the ground, it's difficult to get a lot of oil. it's difficult to get natural gas out of the market right now. and therefore, that is causing concern and is helping to support price at these levels. >> where will we be next week or so because of the weather? >> right now, again, i think we're going to find that base there, and i'm looking for prices to start moving higher, back towards into that upper $95 to $100 range. this is the range that's effectively where we've been, in that $105, $90 range. i think i was on a few weeks ago, and this is certainly the range i expect prices to yo-yo in between for the remainder of this yea
Search Results 0 to 22 of about 23 (some duplicates have been removed)